Campbell Newman Asset Management Inc. held its position in shares of Philip Morris International Inc (NYSE:PM) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,345 shares of the company’s stock at the end of the 2nd quarter. Campbell Newman Asset Management Inc.’s holdings in Philip Morris International were worth $745,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PM. Guidant Wealth Advisors increased its holdings in shares of Philip Morris International by 25.5% in the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after acquiring an additional 191 shares during the last quarter. American Beacon Advisors Inc. bought a new stake in shares of Philip Morris International in the 1st quarter valued at approximately $114,000. Acropolis Investment Management LLC increased its holdings in shares of Philip Morris International by 0.5% in the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after acquiring an additional 5 shares during the last quarter. BDO Wealth Advisors LLC bought a new stake in shares of Philip Morris International in the 2nd quarter valued at approximately $178,000. Finally, Burt Wealth Advisors increased its holdings in shares of Philip Morris International by 33.0% in the 2nd quarter. Burt Wealth Advisors now owns 1,613 shares of the company’s stock valued at $189,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 72.90% of the company’s stock.

Philip Morris International Inc (NYSE:PM) traded down $0.36 during trading hours on Friday, reaching $103.18. The company had a trading volume of 1,970,521 shares, compared to its average volume of 4,103,639. Philip Morris International Inc has a twelve month low of $86.78 and a twelve month high of $123.55. The firm has a market cap of $160,818.63, a price-to-earnings ratio of 23.06, a P/E/G ratio of 2.09 and a beta of 0.91. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.11). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The company had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. sell-side analysts forecast that Philip Morris International Inc will post 4.75 EPS for the current fiscal year.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total transaction of $11,811,144.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

PM has been the subject of a number of research analyst reports. Piper Jaffray Companies set a $130.00 price target on Philip Morris International and gave the company a “buy” rating in a report on Thursday, November 16th. Jefferies Group LLC reduced their price objective on Philip Morris International from $120.00 to $116.00 and set a “hold” rating for the company in a research report on Thursday, October 12th. Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Bank of America Corporation reduced their price objective on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a research report on Friday, October 20th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $124.23.

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Philip Morris International Company Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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